HCR acts for YFM in £3.75m investment

14th December 2020

Led by Rachel Turner, the corporate team at Harrison Clark Rickerbys (HCR) in Reading acted for leading private equity provider YFM Equity Partners (YFM) on their £3.75m investment into global commodities broker ARRACO Global Markets (ARRACO).

YFM are specialist, independently owned, private equity investors with over 30 years’ experience helping companies unlock value and grow across a range of sectors including retail, technology, manufacturing and healthcare.

ARRACO is an award-winning interdealer broker for global commodities including power, gas and renewables with clients including energy utilities, shippers and banks.

The funds provided by YFM will be used to expand ARRACO’s established UK footprint, as well as hire additional staff and broaden its product offering. The injection of funds will also support ARRACO in its global expansion as it opens two new international offices in Singapore and Houston which will complement its existing offices in London and Tokyo.

Rachel Turner, Head of the Thames Valley corporate team, said: “YFM’s investment team has such in-depth knowledge of every aspect of the business and the investment process, from ground level operation to detailed, specialist due diligence, that it really has been a pleasure working with them and it was great to be working with David on his first deal for YFM. The relationship with the management team was forged in lockdown and has only strengthened during the actual investment process, which I put down to the commitment of David, Helen and Jamie to thoroughly understanding and appreciating the business model and personalities involved.”

David Wrench, Investment Director at YFM, commented: “It was a real pleasure to have the opportunity to work with Rachel and the HCR team on the investment into ARRACO. ARRACO is a business with huge potential, led by a dynamic team with real vision to drive forward and differentiate themselves in what has been a fairly stagnant market. Rachel’s combination of diligence, expertise and poise provided tremendous support in navigating the transaction through what has been an unprecedented period for deals.”

The HCR deal team included Helen Higginbotham and Bronia Richards (corporate), Peter Orton (employment), Tarnjeet Rehal (property) and Georgia Shriane (commercial).